Global and regional spillovers to Pacific Island countries

Niamh Sheridan, Patrizia Tumbarello, and Yiqun Wu

Regional integration of Pacific Island countries (PICs) with Australia, New Zealand, and emerging Asia has increased over the last two decades. PICs have become more exposed to the region's business cycles, and spillovers from regional economies are more important for PICs than from advanced economies outside the region. While strong linkages with Asia would help in the event of a global downturn, PICs remain particularly vulnerable to global commodity price shocks. In this paper, we use a Vector Error Correction Model (VECM) for each PIC to gauge the impact of global and regional growth spill

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Year of publication:	2012
Authors:	Sheridan, Niamh ; Tumbarello, Patrizia ; Wu, Yiqun
Publisher:	Washington, DC : Internat. Monetary Fund
Subject:	Regionale Wirtschaftsintegration \| Regional economic integration \| Spillover-Effekt \| Spillover effect \| VAR-Modell \| VAR model \| Asiatisch-pazifischer Raum \| Asia-Pacific region

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Extent:	Online-Ressource (PDF-Datei: 40 S., 1,769 KB) graph. Darst.
Series:	IMF working papers. - Washington, DC : IMF, ZDB-ID 2108494-4. - Vol. 12/154 IMF Working Papers
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature
Language:	English
Notes:	Includes bibliographical references Systemvoraussetzungen: Acrobat Reader Cover; Contents; Executive Summary; I. Introduction; II. PICs Before and After the Global Crisis; III. Channels of Spillover: A Qualitative Analysis; IV. Assessing Growth Spillovers; A. Stylized Facts; B. Econometric Analysis; (1) Baseline scenario; (2) Downside scenarios; V. Assessing Spillovers to the Financial Sector; A. Stylized Facts; B. Spillovers from a Downside scenario; VI. What Role for Policies? Rebuilding Policy Buffers and Implementing Structural Reforms; References; Appendix: Technical Summary of Econometric Methodology and Results Electronic reproduction; Available via World Wide Web
ISBN:	978-1-4755-0449-1 ; 978-1-4755-3331-6 ; 978-1-4755-0449-1
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10009618544